Planning

Planning Started for Next Years Crop

This is the time of the year producers begin to finalize plans for next growing season, even though the crop is not even in the bin yet, but begin to make plans and place seed orders for 2027. Changes continue in the seed business, keeping track of who owns what brands can be a full-time job. In 2019, for example, …

grain stocks

Grain Stocks Report

The end of the month and the end of the quarter could make for an interesting end to the week. Hard to believe we begin the fourth quarter tomorrow. We end the third quarter today with the quarterly grain stocks report. We expect few surprises, but it is always interesting to see how much grain is still on farm storage …

grain stocks

Corn and Soybean Futures

This year’s corn and soybean crop not even in the bin yet, but bottom-line grain analysts are keeping an eye on 2027 December corn 2027 November soybean futures. A Rising tide lifts all ships. It said networks in the grain trade as well. Next December 2027 corn futures have risen from early summer lows to a 52-week high recently over …

Grain trade

A Look at the Recent Grain Trade

The grain trade looks to have found some support levels that look to hold longer term. Looking at the grain trade today, December corn holding the 5.15 level or better into next week. November soybeans 12.75 or better. And looking at the wheat trade in Chicago, December 7.18 or better. Elsewhere, that VIX or fear index on Wall Street, back …

Joseph Dart grain elevator

Joseph Dart and the Birth of the Grain Elevator

How Buffalo Helped Transform the Grain Trade The movement of grain from farms to markets has always depended on transportation and efficient handling systems. In the early 1840s, a major innovation emerged in Buffalo, New York, that would dramatically change the way grain was moved, stored and loaded onto ships. The story of the modern grain elevator can be traced …

Corn

U.S. Supply and Demand Estimates for Corn

The U.S. Department of Agriculture has released its September supply and demand estimates, providing an updated look at the nation’s corn outlook. In this report, World Agricultural Outlook Board Chair, Mark Jekanowski discusses the latest changes in the domestic corn balance sheet. “Looking ahead to the new marketing year, reduction in yield by about 2.2 bushels per acre, and it …

CME FedWatch

CME FedWatch Updates

Last Wednesday, CME’s FedWatch tool showed a 60% chance of a quarter-point rate hike by the Fed this week. Since then, an almost uninterrupted rise in energy prices and lower trends on Wall Street has that percentage now at 88% chance of a quarter-point hike today, an analyst suggesting another quarter-point hike by December. In the grain trade, rain chances …

trade

New Trade Opportunities

Australia and New Zealand are major livestock producing countries, and USDA says that could create additional opportunities for American feed products. Luke Lindberg, USDA Undersecretary for Trade and Foreign Agricultural Affairs, recently traveled to both countries as part of a U.S. agricultural trade mission. While Australia and New Zealand are already mature markets, Lindberg says USDA still sees opportunities to …

9-11

Remembering 9-11

We join others never forgetting those lost 25 years ago this day, coordinated terrorist attacks in New York, Washington DC, and those who thwarted an additional attack crashing in a field in rural Pennsylvania. We pause and we remember. This is the Bottom-Line Report. A monthly supply demand and production estimate seems less urgent today, yet the grain trade awaits …

corn

Projected Corn Yields

StoneX released updated production estimates ahead of USDA numbers that come tomorrow morning, and they still see a national corn yield just short of 183 bushels an acre, three bushels above USDA’s August number, 10 bushels above the pro-farmer number. StoneX places the corn yield nationally 182.9, and a crop over 16.2 billion bushels. Their soybean estimates more in line …